592 Adelaide Street N London, Ontario N5X 3W2
5 Bedroom
4 Bathroom
1800
Central Air Conditioning
Forced Air
$979,000
Excellent investment property near downtown with high traffic exposure. 1 retail/commercial unit and 4 residential units. Unit 1 - 600 sq. ft. retail/commercial shop plus up to 500 sq. ft. basement storage - $3,000.00 all inclusive. Unit 2 - newly renovated luxury main floor apartment renting at $1,290.00 all inclusive, Unit #3 - main floor bachelor apartment renting at $674.00 all inclusive plus an additional 1 room office can be used with the business or could become a bedroom added to the bachelor apartment. 2nd floor - Unit #4 - one bedroom apartment renting for $1,000.00 and Unit #5 - 2 bedroom large apartment renting for $1,019.00 all inclusive plus coin operated laundry in the basement for all tenants. Total annual income is $68,796.00 and total annual expenses are $25,944.00 (including one time cost of exterior painting $7880.00). Net operating income $42,852.00. Mutual driveway with 6 parking spots at the back, nicely landscaped. The property is in very good conditioned and well maintained. (id:34868)
Property Details
| MLS® Number | 40216909 |
| Property Type | Multi-family |
| Amenities Near By | Place Of Worship, Playground, Shopping |
| Communication Type | High Speed Internet |
| Community Features | School Bus |
| Equipment Type | None |
| Features | Laundry- Coin Operated |
| Parking Space Total | 6 |
| Rental Equipment Type | None |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 5 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1930 |
| Construction Material | Wood Frame |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Stone, Vinyl Siding, Wood |
| Fire Protection | Unknown |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1800 |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Place Of Worship, Playground, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 150 Ft |
| Size Frontage | 35 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Ac4 |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
https://www.realtor.ca/real-estate/24086606/592-adelaide-street-n-london
Interested?
Contact us for more information
Rick Pritchard
Broker
Exp Realty
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
519-381-3499
Janelle Pritchard
Sales Representative -
Exp Realty
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
519-381-3499
Denise Mann
Sales Representative -
https://onesmartmove.ca
Exp Realty
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
519-381-3499
Phillip Hallman
Broker -
https://onesmartmove.ca/
Exp Realty
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B
519-381-3499
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March 02 2022 08:39:48
London and St. Thomas Association of REALTORS®
Exp Realty